Allowing the appeal of the assessee the Tribunal held that ; insurance premiums of employees’ family members in terms of employment rules framed by assessee-company is allowable as business expenditure. ( AY.2009-10)
Loesche India (P.) Ltd. v. ACIT (2018) 172 ITD 176 / 195 TTJ 33 (UR)(Delhi) (Trib.)
S.37(1): Business expenditure- Insurance premiums of employees’ family members in terms of employment rules framed by assessee-company –Allowable as business expenditure. [ S.17 (2)(iv) ]